Operating Revenue (Tables)

Nov. 18, 2019

Regulated and Unregulated Operating Revenue [Abstract]

Schedule of Operating Revenue

The Companies’ operating revenue consists of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
(millions)
Dominion Energy
Regulated electric sales:
Residential	$	1,440	$	1,036	$	3,180	$	2,641
Commercial		962		737		2,347		1,897
Industrial		227		143		474		371
Government and other retail		244		224		658		647
Wholesale		45		30		134		95
Nonregulated electric sales		197		322		688		1,022
Regulated gas sales:
Residential		121		73		900		553
Commercial		52		15		316		152
Other		23		3		86		14
Nonregulated gas sales		51		42		369		139
Regulated gas transportation and storage:
FERC-regulated		248		266		772		800
State-regulated		168		138		547		472
Nonregulated gas transportation and storage		153		162		501		286
Other regulated revenues(1)		54		38		180		132
Other nonregulated revenues(1)(2)		96		133		305		410
Total operating revenue from contracts with customers		4,081		3,362		11,457		9,631
Other revenues(3)		188		89		640		374
Total operating revenue	$	4,269	$	3,451	$	12,097	$	10,005
Virginia Power
Regulated electric sales:
Residential	$	1,085	$	1,036	$	2,816	$	2,641
Commercial		732		737		2,049		1,897
Industrial		121		143		351		371
Government and other retail		224		224		625		647
Wholesale		31		30		97		95
Other regulated revenues(1)		36		30		124		95
Other nonregulated revenues(2)		21		10		54		41
Total operating revenue from contracts with customers		2,250		2,210		6,116		5,787
Other revenues(2)(3)		14		22		51		22
Total operating revenue	$	2,264	$	2,232	$	6,167	$	5,809
Dominion Energy Gas
Regulated gas sales - wholesale	$	—	$	—	$	2	$	6
Nonregulated gas sales(2)		1		2		4		5
Regulated gas transportation and storage		306		300		952		917
Nonregulated gas transportation and storage		153		162		501		286
Management service revenue(2)		37		63		126		195
Other regulated revenues(1)		3		4		8		17
Other nonregulated revenues(1)(2)		1		1		2		2
Total operating revenue from contracts with customers		501		532		1,595		1,428
Other revenues		1		1		3		3
Total operating revenue	$	502	$	533	$	1,598	$	1,431

(1) Amounts above include $36 million and $1 million for the three months ended September 30, 2019, $108 million and $3 million for the three months ended September 30, 2018, $129 million and $4 million for the nine months ended September 30, 2019 and $170 million and $8 million for the nine months ended September 30, 2018 primarily consisting of NGL sales at Dominion Energy and Dominion Energy Gas, respectively, which are considered to be goods transferred at a point in time. In addition, the amounts include $12 million and $19 million of sales of renewable energy credits at Dominion Energy for the three and nine months ended September 30, 2019, respectively, $11 million and $14 million at Virginia Power for the three and nine months ended September 30, 2019, respectively, and $10 million and $11 million at both Dominion Energy and Virginia Power for the three and nine months ended September 30, 2018, respectively, which are considered to be goods transferred at a point in time.

(2) See Notes 10 and 20 for amounts attributable to related parties and affiliates.

(3) Amounts above include alternative revenue of $9 million and $44 million at Dominion Energy and $9 million and $35 million at Virginia Power for the three and nine months ended September 30, 2019, respectively.

Schedule of Aggregate Amount of Transaction Price Allocated To Fixed-price Performance Obligations That Unsatisfied At End of Reporting Period And Expected To be Recognized

The table below discloses the aggregate amount of the transaction price allocated to fixed-price performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period and when the Companies expect to recognize this revenue. These revenues relate to contracts containing fixed prices where the Companies will earn the associated revenue over time as they stand ready to perform services provided. This disclosure does not include revenue related to performance obligations that are part of a contract with original durations of one year or less. In addition, this disclosure does not include expected consideration related to performance obligations for which the Companies elect to recognize revenue in the amount they have a right to invoice.

Revenue expected to be recognized on multi-year contracts in place at September 30, 2019		2019		2020		2021		2022		2023		Thereafter		Total
(millions)
Dominion Energy	$	431	$	1,545	$	1,446	$	1,344	$	1,199	$	13,502	$	19,467
Virginia Power		5		3		1		—		—		—		9
Dominion Energy Gas		455		1,658		1,559		1,436		1,268		13,810		20,186